Senior Dealer Fixed Income About QNB
Established in 1964 as the countryâ€™s first Qatari-owned commercial bank, QNB Group has steadily grown to become the largest bank in the Middle East and Africa (MEA) region.
QNB Groupâ€™s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services.
The total number of employees is more than 28,000 serving up to 20 million customers operating through 1,000 locations, with an ATM network of 4,300 machines.
QNB has maintained its position as one of the highest rated regional banks from leading credit rating agencies including Standard & Poorâ€™s (A), Moodyâ€™s (Aa3) and Fitch (A+).
The Bank has also been the recipient of many awards from leading international specialised financial publications.
Based on the Groupâ€™s consistent strong financial performance and its expanding international presence, QNB currently ranks as the most valuable bank brand in the Middle East and Africa, according to Brand Finance Magazine.
QNB Group has an active community support program and sponsors various social, educational and sporting events.
Role Summary :
You will supervise the Group's fixed income portfolio to diversify surplus funds into a greater range of products and to refinance the Group's assets in a cost effective manner.
The incumbent will perform fixed income activities in accordance with the Group's Treasury Strategy, risk appetite, regulatory requirements, policies and procedure and set limits
Role Description :
Other areas of responsibility and activity will include :
Complies with approved budgets, policies and procedures in relation to fixed income operations.
Assists in the implementation of annual business plans for the areas of responsibility with emphasis on achievement of set targets / objectives, business growth and expansion in the Fixed Income Desk.
Implements and evaluates best practice work methods in areas of responsibility to achieve optimum level of performance efficiency.
Build and maintain strong and effective relationships with all other related units to achieve the Fixed Income goals / objectives.
Provides timely and accurate information to the external and internal auditors, the Compliance function and Group Risk as and when required.
Assists in maintain relationships with departments in the Group requiring the service of Fixed Income Desk.
Ensures compliance to the department's policies and procedures for conducting buy / sell deals, maintaining / collating MIS pertaining to profitability / revenue, and observing compliance with the applicable limits approved by the Board / its delegated authorities.
Executes / reviews buy / sell deals on behalf of customers pertaining to fixed income instruments at the agreed / approved price and executing similar deals for the Group's proprietary portfolio based on instructions received from the appropriate authorities.
Trades in the inter-bank and fixed income markets within the risk parameters and set strategy.
Follows up on the timely processing of fixed income deals in coordination with Treasury Operations.
Forecasts fixed income movements / interest rate movements to be able to trade profitable positions and advise direct superiors of possible opportunities in market beyond job holder's boundaries.
Assists in recommending solutions to customers' hedging requirements.
Provides pricing support for major corporate customers, the Group's departments and branches in interest rate products.
Manages the process of preparing daily rate sheets.
Monitors gap positions, and make sure positions are within QCB guidelines, informs the Head of Fixed Income of developments in the gap position on a timely basis
Supports the Head of Fixed Income by preparing P&L figures of all fixed income activities and revaluing outstanding positions on daily, weekly and monthly basis.
Is involved in the structuring of Fixed Income products, as and when deemed necessary by the Head of Treasury Structured Products and Derivatives, in consultation with the Head of Fixed Income Desk.
Monitors performance of direct reportees' and guide them in managing their performance by providing appropriate feedback.
Identifies related areas for professional development of self and all direct reports, and act to enhance professional development of self and others.
Ensures high standards of confidentiality to safeguard commercially sensitive information
Bachelors Degree in Business, Finance, Mathematics, or Economics. MBA, CFA, or a related professional certification is a plus.
Seasoned with minimum 8 years of experience in an active Fixed Income dealing room GCC experience would be a plus.
Highly desirable skills :
Note : you will be required to attach the following :
1. Resume / CV
2. Passport-size photograph
Job-ID : 155953 dx0rYTBH6OOKIQXN Datum der Veröffentlichung : 28 Nov 21